Industries undergoing digital transformation

Deputy Prime Minister Vu Duc Dam speaks at the forum.(Photo: VNA) Hanoi (VNA) - Cashless payments would not only increase of the circulation of capital, it would also help boost the internet economy, said Deputy Prime Minister Vu Duc Dam. Dam made the statement at the E-payment Eco-system Development Forum 2019 under the theme “Motivation by Chip Technology”, which was co-organised by Thoi bao Kinh te Vietnam (Vietnam Economic Times) and the National Payment Corporation of Vietnam (NAPAS) in Hanoi on December 10. The Southeast Asian economy was dynamic with an internet economy of 100 billion USD that was expected to triple in the next five years,” said Dam. In order to promote the internet economy, a consensus was needed between State agencies, enterprises and banks, he said, adding that infrastructure must be changed at a cost but it would be worthwhile for economic efficiency in the long run. Technology had to be promoted to integrate information, … [Read more...] about Cashless payments help boost internet economy: Deputy PM

BizInfo PYCOGROUP holds Best Developer Competition in Vietnam Thursday,  Dec 12, 2019,10:00 (GMT+7) PYCOGROUP holds Best Developer Competition in Vietnam On November 30, PYCOGROUP and its partners - MessageMedia, Ansarada and YellowPepper - held the first-ever Best Developer in Vietnam competition, highlighting the continuous growth of the tech industry in Vietnam and its future in the tech world. The competition aimed to unearth Vietnam's best programming talent through a series of competitive rounds, challenging both their programming and soft skills. It was an exciting day full of suspense for over 400 attendees, including contestants, judges, mentors and supporters. With over 500 registrations from all across the country, only one could be the best, Vo Phi Hung, who took home the title of Best Developer in Vietnam 2019. The second prize belonged to Do Tri Quoc from Hanoi and the third prize belonged to Tran Duy Thanh … [Read more...] about PYCOGROUP holds Best Developer Competition in Vietnam

Assembly line of Vespa motorbikes at Piaggio Vietnam Co Ltd in Binh Xuyen industrial zone in Vinh Phuc Province. (Photo: VNA) Hanoi (VNS/VNA) - Foreign investors have been encouraged to take advantage of the double benefits Vietnam is offering through its commitments in the many trade pacts signed with other countries. Foreign investment in Vietnam is expected to increase significantly after the country signed two important trade deals – the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union-Vietnam Free Trade Agreement (EVFTA). According to experts, foreign investors in Vietnam will enjoy the benefits of both the international market and preferential domestic policies. The agreements also offer a great opportunity for businesses that are not from the EU or CPTPP’s 10 other member countries. When investing in Vietnam, they can take advantage of tax incentives Vietnam has agreed upon with those countries. … [Read more...] about Foreign investors can make use of Vietnam’s trade deals

AT&T Inc said on Saturday it agreed to buy Time Warner Inc for $85.4 billion, the boldest move yet by a telecommunications company to acquire content to stream over its network to attract a growing number of online viewers. The biggest deal in the world this year will, if approved by regulators, give AT&T control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets. The tie-up will likely face intense scrutiny by U.S. antitrust enforcers worried that AT&T might try to limit distribution of Time Warner material. AT&T will pay $107.50 per Time Warner share, half in cash and half in stock, worth $85.4 billion overall, according to a company statement. AT&T said it expected to close the deal by the end of 2017. Dallas-based AT&T said the U.S. Department of Justice would review the deal and that the companies were determining which Federal Communications Commission licenses, if any, would be transferred to AT&T in the deal. … [Read more...] about AT&T to buy Time Warner for $85 bln, create telecom-media giant